Sensex, Nifty erase gains after hitting record highs

Benchmark indices Sensex and Nifty erased early gains after hitting record highs in opening trade ahead of US-China trade talks. The 30-share BSE index spurted 124.21 points, or 0.32 per cent, to hit a new high of 38,402.96, surpassing its previous record of 38,340.69 marked on Monday. The index, however, turned choppy and was trading 9.19 points, or 0.02 per cent, lower at 38,269.56 at 0945 hrs.

The gauge has gained 615.19 points in the past two sessions.

The 50-share NSE Nifty also rose 30 points, or 0.25 per cent, to hit a fresh high of 11,581.785, breaking it previous record of 11,565.30 hit on Monday.